BARTVault search trends in Google
The Art Commerce market has not realized its global growth potential due to a few fundamental
reasons; (a) The art industry, until now, has been controlled and dominated by a few large renowned
dealers and auction houses who keep information on authenticity and valuation of art very secretive
as a business advantage. (b) There is a private network of ‘trust’ and investors in art have a
perception that this informal network is the only ‘trustworthy’ network that can be relied upon for
provenance and transactions. The institutions in this network share records of art assets such as
the authenticity, condition, value, custody chain and clearing/settlement and keep this information
carefully veiled from the rest. With these unique privileges, they act as intermediaries and exert
major influence on the art transaction model and the overall tempo of the art market. Hence, when
compared to other industries, the art and art commerce industry has not yet truly reached the
masses nor empowered the majority of the ...
Blockchain Art Toujours aims to change this opaque business model with the help of Blockchain
technology. Our solution provides an opportunity to all artists and art collectors to participate in a
more transparent and fair global Art Commerce ecosystem with complete confidence of immutable
and ‘frictionless’ transactions. For the first time now in human history, Blockchain technology will
allow people everywhere to trust in peer-to-peer transactions. This trust is established not by
various big institutions but by collaboration, cryptography and by some clever code. Because trust
is native to Blockchain technology, blockchains have the potential to replace traditional
intermediaries with decentralized networks of trust. We will connect artists, collectors and investors
in art directly, via an open Ethereum Blockchain platform and with escrow smart contracts that carry
out transactions. It will reduce the need for participation of intermediaries, such as brokers and art
dealers that facilitate transactions. I...
BLOCKCHAIN TECHNOLOGY & ART PROVENANCE
WITHOUT TRANSPARENT, OPEN, AFFORDABLE AND TRUSTWORTHY PROVENANCE AND
TRANSACTION PROCESSES, THE EXISTING ART COMMERCE MODEL WILL REMAIN THE
BIGGEST OBSTACLE IMPEDING ENROLLMENT OF MORE ARTISTS AND BUYERS IN THE GLOBAL
'ART ECONOMY'. BLOCKCHAIN TECHNOLOGY WITH ITS UNDERLYING 'TRUST PROTOCOL',
CRYPTOGRAPHY AND IMMUTABLE DISTRIBUTED LEDGER FEATURES IS A MAJOR DISRUPTIVE
TECHNOLOGY AND OFFERS A POWERFUL PROPOSITION WHICH WILL ENABLE ART OWNERS
TO POTENTIALLY TURN EACH OF THEIR ART ASSET INTO A SELF-REGULATING BUSINESS WITH
A PERPETUAL 'INCOME STREAM'.
Our Vision is an open
‘Global Art eco
backed by blockchain technology that allows creation and
consumption of standardized asset provenance and payment services and facilitates P2P global Art
Commerce. Blockchain Art Toujours’ strives to gradually
democratize the Art world and bring it within
reach of Artists and Art collectors across the globe, regardless of ...
With the emergence of the Web browser interface and subsequent rapid adoption of the Internet
in the last two decades, there has been an enormous transformation on how business is
transacted in almost every industry
except for Art. This disruption has radically altered the
economics of the entertainment, travel, retail, media and publishing, commercial real estate, local
transportation and food industries, among others. Online giant Amazon alone is estimated to
account for a large proportion of 2016 US retail sale. However, questions regarding adoption of
art e-commerce remain - how, when, and in what manner will this transformation take place in
the art industry? Why is the art market impervious to the penetration of commerce
conversion? Why is it that ordinary people are reluctant to purchase Art with ease online
as with other goods and services?
It would be incorrect to say that no honest attempt was made to bring Art Commerce into the
mainstream by using the Internet. Initial attem...
control and sell their work with ease even though the Internet has propelled their virtual
presence to a level beyond what the initial purveyors had anticipated.
There are several reasons for poor monetization of art. First, buyers have a lack of trust in the
authenticity and condition of art assets. Trust cannot be fully derived without provenance
the trusted record of origin, ownership, authenticity and quality. Provenance is an
integral part of the documentation supporting the authenticity of art objects and is vital
for establishing and maintaining the investment value of art for buyers. So far, provenance and
trust are in the hands of a few intermediaries who have extremely opaque business models and
processes. They charge exorbitant fees for establishing provenance thereby restricting investment
in art and obstructing the growth of an efficient and modern art market. Many countries and cities
outside mainstream European and US cities are years behind in this cornerstone requ...
and selling Art and Collectibles convenient. Blockchain offers the additional layer of provenance and
trust to support a sustainable ecosystem
one that will have the potential to let under-
served artists (even closet-artists) from across the world to participate in the art commerce
business. It will be possible one day for a grandmother to expose her artwork on Blockchain and
sell it online with ease, to someone on the other end of the world.
The European Art Foundation (TEAF) defines art as objects including fine art, antiques, decorative
art, collectibles, haute jewelry, photography, and design. This category covers Paintings, Works on
Paper, Photography, Sculpture, Silver, Art Glass and Lamps, Porcelain and Ceramics, Decorative Arts,
Objects de Vertu, Coins, Watches and Clocks, Jewelry, Luxury Accessories, Asian Collectibles,
Furniture, Modern Design, Carpets and such.
Art has always remained of great interest to humans since early ages. Interest in Art is not confined
to a specific...
The mid-price market consists of art galleries, dealers and auction houses who have physical
presence and who also reach collectors and new buyers using online platforms and social media.
Within this space there are three general types of galleries and dealers, (i) traditional 'Bricks &
Mortar' galleries and dealers that are offline, (ii) those with an offline and online presence (aka
'Bricks & Clicks'), and (iii) 'Online Only'. One successful business is Heritage Auctions, which is one
of the first art auction houses to embrace online technology and is expanding to other areas of
collectibles such as coins, sports memorabilia and comics.
Other sales channels selling art on-
line are ‘1stdibs’, and ‘Artsy’. These online platforms are famous
enough to make it to the top in the TEFAF 2017 report. Also, most dealers in the first world have
their own website through which enquiries can be made and potential sales can follow.
Some dealers use a white label software product to power e-commerce a...
Online Gallery/Dealer platforms:
The platform provides an online introduction between
the buyer and the dealer or gallery but the sale does not take place on the platform. Buyers are
redirected to the
dealer or gallery’s own
website or to their offline premises.
Auction house online sales:
Auction houses use an online platform with their own name,
either to accept online bids to a traditional live auction sale, or to run a timed, online-only
auction (usually bid-now with some buy-now options). Platforms are either built internally or
hosted by an auction software provider.
There are two types of auction marketplaces: (i) A website which
hosts online auctions for multiple offline auction houses and, (ii) An intermediary website
through which visitors can follow multiple online auctions from different online auction houses.
For live auctions the website collects (absentee) bids from potential buyers and bids on their <...
Launching the token pre-sale.
Launch of token crowdsale (ICO) and listing on a top exchange.
Launch of token crowdsale (ICO) and listing on a top exchange.
Release of BARTVault features to enable art owners to register and upload art.
Release of Beta BART/APIs for partner services network- Print, Photo labs, Framing, Storage services. Implementing the mechanisms of arbitration.
Implementation of additional smart contract features of (a) leasing art for a specific period of time (b) purchasing artwork on an 'installment plan'. Implementation of community governance mechanisms.
Implementation of additional smart contract features: (a) enabling a group of people to own shares in art on a ‘timeshare’ basis (b) implement Shares in Art (SIA) features to Provenir Tokens.
Release of Beta of ‘Enhancements Framework’ to our Technology Platform to test transition of appropriate fully decentralized services managed and operated by the BARTVault user community.
Release of Reputation portability to allow experts / appraisers and other participants to certify their BARTVault reputation to other services using Blockchain technology.
Mobile Blockchain applications with Decentralized exchanges (subject to successful launch of projects such as EtherDelta, EthFinex, Lykke, OmiseGo, KyberNetwork, VariabL etc.)